NYSE-owner ICE to buy Ellie Mae in $11 billion deal

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NYSE-owner ICE to buy Ellie Mae in $11 billion deal
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Intercontinental Exchange Inc (ICE) said on Thursday it would buy Ellie Mae, a technology platform for the mortgage finance industry, from private equity firm Thoma Bravo in a deal valued at $11 billion.

FILE PHOTO: A screen displays the logo and ticker symbol for Intercontinental Exchange, Inc. on the floor of the New York Stock Exchange in New York City, U.S., November 3, 2016. REUTERS/Brendan McDermid/File Photo

Strengthening its position in mortgage servicing has been a key focus for the owner of the New York Stock Exchange in recent years. Buying Ellie Mae was expected to be accretive to ICE’s adjusted earnings per share in the first full year of ownership, the statement added.

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